Poll

29 votes (70.73%)
1 vote (2.43%)
11 votes (26.82%)

41 members have voted

gofaster87
gofaster87
Joined: Mar 19, 2011
  • Threads: 3
  • Posts: 445
July 8th, 2011 at 7:08:32 PM permalink
.....
fremont4ever
fremont4ever
Joined: Nov 24, 2009
  • Threads: 5
  • Posts: 138
July 8th, 2011 at 8:16:45 PM permalink
Quote: seviay

I constantly wonder what would happen if someone decided to build a "nice" but not extravagant strip property with reasonably-priced food and reasonable games -- i.e., full pay VP tables, single and double deck 3:2 BJ, etc. Couldn't a place like this theoretically build some loyalty among both strip-dwellers and those who currently prefer downtown? Design a decent rewards program, keep everything clean and nice, but cut all the superfluous Vegas-y things, and see if you can steal some of the middle tier players. Not everyone coming to Vegas wants to play $10k blackjack or baccarat in back rooms or have a $400 breakfast, nor do these people expect insane comps.

Correct me if I'm wrong, but wasn't Vegas built on the concept of getting people to your casino with cheap (or affordable) food and reasonable payouts? Why wouldn't an updated version of this concept be successful today?



It sounds like a place I once knew. No playable SD (that's gone from the Strip for good, except possibly for high rollers), but it had the best DD game in town for $10 minimums - s17, das. Throw in a well-respected sports book for the fun of it. Of course, a couple of you recognize the punchline - the place was called the Stardust, and its owner decided to go upscale, so they razed it. I'm sure they only regret it about 10 times a day... but they haven't built a replacement yet, so who am I to argue with them?

If you've got, oh, a quarter billion to play with, I bet you could buy the Riv or Sahara and put your ideas into motion.
seviay
seviay
Joined: May 19, 2010
  • Threads: 16
  • Posts: 142
July 8th, 2011 at 8:30:04 PM permalink
Quote: fremont4ever

It sounds like a place I once knew. No playable SD (that's gone from the Strip for good, except possibly for high rollers), but it had the best DD game in town for $10 minimums - s17, das. Throw in a well-respected sports book for the fun of it. Of course, a couple of you recognize the punchline - the place was called the Stardust, and its owner decided to go upscale, so they razed it. I'm sure they only regret it about 10 times a day... but they haven't built a replacement yet, so who am I to argue with them?

If you've got, oh, a quarter billion to play with, I bet you could buy the Riv or Sahara and put your ideas into motion.


It's a shame someone with a few dollars more than me doesn't try this with Bill's...and change the name back to Barbary!
PerpetualNewbie
PerpetualNewbie
Joined: Nov 30, 2009
  • Threads: 3
  • Posts: 88
July 11th, 2011 at 8:34:20 PM permalink
Quote: seviay

"What the American public doesn't know is what makes them the American public." As long as drunks and suckers (not necessarily mutually exclusive, btw) pervade in casinos, the casinos will continue to gouge them/us.

I constantly wonder what would happen if someone decided to build a "nice" but not extravagant strip property with reasonably-priced food and reasonable games -- i.e., full pay VP tables, single and double deck 3:2 BJ, etc. Couldn't a place like this theoretically build some loyalty among both strip-dwellers and those who currently prefer downtown?



Why would any other tourist trap charge MSRP (or less) on a product if they can get away with charging four times that amount?

I don't know if anyone said this, but the majority of tourists don't give a flying duck whether blackjack pays 3:2, 6:5 or, dare I even say, 1:1. A blackjack wins automatically (save for a BJ/BJ tie). They land the ace and they do the little finger tapping thing on the felt, drawing the ten-spot out of the shoe and bang! Happiness is had. That's all they care about, the binary "I won," without consideration for the odds on top. "I win, I lose, it all evens out in the end," they think.

How many hands does the average Vegas tourist play per year? A couple hundred? Maybe a thousand? What is the overall impact of shifting from 3:2 to 6:5 to this gambler? A couple of bucks of value, really. A gambler with a 'meager' bankroll of a couple hundred might cycle through $5000 in bets over the course of a long weekend. That extra ~1.3% house edge equates to a delta in EV of $65 (assuming a strict increase of 1.3% in HE to the 6:5 rule).

For each player, the impact isn't all that significant. In aggregate, for the casinos, it's huge. Honestly, the casino's biggest worry is pushing the HE so high that the average client's risk of ruin busts too many of them out too quickly. If people die too quick, they won't come back - from the ATM with more or back to Vegas because of the sour memories of such 'bad luck,' compared to their more historical memories.

And before anyone slaps me with a trout - the average tourist is an idiot. I know. Maybe people should hand out pamphlets at McCarren telling of the evils of 6:5 blackjack. An educational campaign on billboards and taxi cabs. That would be funny, I think. A picture of an older, greying gal losing, holding her head as the 6:5 example and some cute chick with a pile of chips as the 3:2. "How much is your BJ worth?" would be the tagline.
buzzpaff
buzzpaff
Joined: Mar 8, 2011
  • Threads: 112
  • Posts: 5328
July 11th, 2011 at 9:46:58 PM permalink
Gee Roulette with a 5.26 HE is great. And craps with all bets other than pass/ come whatever is great too. Nasty only BJ at the lowest minumum tables is a terrible 1.34 HE . Gee, the game returns less than 99 cents on the dollar and is labor intensive. How UNFAIR !!!!!!!!!
DrEntropy
DrEntropy
Joined: Nov 13, 2009
  • Threads: 27
  • Posts: 199
October 28th, 2011 at 7:14:59 PM permalink
Quote: PerpetualNewbie


For each player, the impact isn't all that significant. In aggregate, for the casinos, it's huge...



I know this is an old thread, but this post by PerpetualNewbie deserves more attention. The strip caters to people who only play a few weekends a year. For them, the 6:5 vs. 3:2 is not going to impact them very much. More important is the scantily clad dancers in the party pit! Now there is a story to bring home to Nebraska! I don't know how often I have warned visitors (friends) about 6:5, and they don't even know that its supposed to be 3:2!
"Mathematical expectation has nothing to do with results." (Sklansky, Theory of Poker).
FleaStiff
FleaStiff
Joined: Oct 19, 2009
  • Threads: 265
  • Posts: 14484
October 28th, 2011 at 8:14:35 PM permalink
The two BJ pits at Seminole's Hard Rock in Hollywood, Florida are physically separated but it was obvious the five and ten dollar 6:5 was full and the 3:2 BJ pit with much higher minimums was half full.

  • Jump to: